Our understanding of risk preferences can be sharpened by considering their evolutionary basis. The existing literature has focused on two sources of risk: idiosyncratic risk and aggregate risk. We introduce a new source of risk, heritable risk, in which there is a positive correlation between...

We explore mortality beliefs by eliciting individual-level belief distributions for participants' remaining lifespan. Across two independent samples, from Germany and the USA, we find that individuals - while accurately forecasting their life expectancy - substantially overestimate the...